13 hours ago
🔍 The GambleFi, trend or bullshit?
The online gambling market
The global online gambling market is experiencing phenomenal growth. Estimated at $63 .5 billion in 2022, it is expected to reach the impressive figure of $153 .6 billion by 2030, with an annual growth rate of 11.7% (Grand View Research, 2023). This trend is reflected in Statista's projections, which forecast an increase to $131 .91 billion in 2027, an annual growth of 8.54%.
The geographical distribution of these incomes is just as interesting. The United Kingdom dominates the market with $12 .48 billion in revenue in 2021, closely followed by the United States ($10.96 billion) and Australia ($6.55 billion). In Europe, France is positioned as the 5th largest player, generating $3 .83 billion in revenue in 2021, behind Italy (4.51 billion) but ahead of Germany ($3.65 billion).
It is in this flourishing context that GambleFi, or "Gambling Decentralized Finance", has emerged since 2021. This new trend promises to revolutionize the gambling industry by injecting the power and transparency of the blockchain. No more opaque casinos and centralized betting platforms. Make way for a new era where every bet, every gain, and every transaction are verifiable on the blockchain.
The figures speak for themselves: according to Softswiss, crypto betting jumped by 21.1% in 2023, with an impressive 50.5% increase in the number of transactions. This growth is part of a broader trend of the adoption of cryptos in gambling.
The online gambling market
The global online gambling market is experiencing phenomenal growth. Estimated at $63 .5 billion in 2022, it is expected to reach the impressive figure of $153 .6 billion by 2030, with an annual growth rate of 11.7% (Grand View Research, 2023). This trend is reflected in Statista's projections, which forecast an increase to $131 .91 billion in 2027, an annual growth of 8.54%.
The geographical distribution of these incomes is just as interesting. The United Kingdom dominates the market with $12 .48 billion in revenue in 2021, closely followed by the United States ($10.96 billion) and Australia ($6.55 billion). In Europe, France is positioned as the 5th largest player, generating $3 .83 billion in revenue in 2021, behind Italy (4.51 billion) but ahead of Germany ($3.65 billion).
It is in this flourishing context that GambleFi, or "Gambling Decentralized Finance", has emerged since 2021. This new trend promises to revolutionize the gambling industry by injecting the power and transparency of the blockchain. No more opaque casinos and centralized betting platforms. Make way for a new era where every bet, every gain, and every transaction are verifiable on the blockchain.
The figures speak for themselves: according to Softswiss, crypto betting jumped by 21.1% in 2023, with an impressive 50.5% increase in the number of transactions. This growth is part of a broader trend of the adoption of cryptos in gambling.
22 hours ago
. Uniswap Wallet integrates Transak to facilitate fiat-crypto conversions :
Uniswap partners with Transak to integrate fiat-crypto conversion services into Uniswap Wallet. Users will be able to buy cryptos directly with fiat currencies via Apple Pay, Google Pay, credit cards.
. The Bahamas wants to force local banks to integrate their CBDC :
The Bahamas is preparing legislation requiring banks to support their CBDC, the "Sand Dollar". According to the governor of the central bank, banks will have to offer access to this digital currency to their customers within two years.
. Cometh and Worldcoin collaborate to facilitate account abstraction :
The French startup Cometh has received a grant from the Worldcoin Foundation to develop a mobile library integrating access keys, ERC-4337, and Safe smart accounts in World Chain wallets.
. Bitfarms increases its production capacity :
In June, Bitfarms increased its Bitcoin production by 21%, reaching 189 BTC, despite a decrease of 51% compared to June 2023 due to the last halving. The company sold 134 BTC for $8 .8 million and now holds 905 BTC.
Uniswap partners with Transak to integrate fiat-crypto conversion services into Uniswap Wallet. Users will be able to buy cryptos directly with fiat currencies via Apple Pay, Google Pay, credit cards.
. The Bahamas wants to force local banks to integrate their CBDC :
The Bahamas is preparing legislation requiring banks to support their CBDC, the "Sand Dollar". According to the governor of the central bank, banks will have to offer access to this digital currency to their customers within two years.
. Cometh and Worldcoin collaborate to facilitate account abstraction :
The French startup Cometh has received a grant from the Worldcoin Foundation to develop a mobile library integrating access keys, ERC-4337, and Safe smart accounts in World Chain wallets.
. Bitfarms increases its production capacity :
In June, Bitfarms increased its Bitcoin production by 21%, reaching 189 BTC, despite a decrease of 51% compared to June 2023 due to the last halving. The company sold 134 BTC for $8 .8 million and now holds 905 BTC.
1 day ago
🤝 Fidelity International and Sygnum partner with Chainlink to provide onchain data for Fidelity International.
“Fund tokenization is probably the biggest digital asset trend happening today, and it’s a big confirmation that global asset management companies are entering this growing market”
says Sergey Nazarov, Co-founder of Chainlink.
https://x.com/chainlink/st...
“Fund tokenization is probably the biggest digital asset trend happening today, and it’s a big confirmation that global asset management companies are entering this growing market”
says Sergey Nazarov, Co-founder of Chainlink.
https://x.com/chainlink/st...
2 days ago
The Legacy of Zuzalu: One Year Later 🌇
Can the ephemeral city experiment inspired by Vitalik live on?
One year ago this week, our very own
TrustlessState shared details about his experience living with some of crypto’s brightest minds in the ephemeral city called Zuzalu.
You can read David's full breakdown of his experience below:
👉 http://bankless.cc/David_Z...
This popup city housed over 200 people from diverse regions and fields for two months. David conducted a number of interviews with fellow attendees during this time on topics spanning zero-knowledge proofs, longevity and biotech, network states, and public goods. You can check out those conversations below.
👉 http://bankless.cc/ZuzaluC...
Inspired and initiated by VitalikButerin, Zuzalu blended structure and spontaneity to construct a successful experiment, but almost immediately after the ephemeral city dispersed, attendees wondered how they could keep the fire of Zuzalu alive and continue to offer places for the ethos of Ethereum to connect with disparate emerging technologies.
Let’s take a look at what they’ve been up to since 👇
🏡 The Rise of Zu-Villages
The success of Zuzalu sparked interest in continuing the concept of crypto pop-up cities called Zu-villages.
Earlier this year, a gitcoin grants program offered 250 ETH in funding for creating Zu-villages and Zu-related technology. The round ran from Jan. 15 to Feb. 15, providing funding for 32 events like JoinEdgeCity, Esmerelda and ZuBerlinCity, which are currently running or have just finished, and 28 tools like ZupassProject and MuseMatrix_, a DeSci research institute.
Many of these tie into Zuzalu City, a community hub for Zu-villages and related software, including a calendar of pop-up cities like the few we've highlighted below:
Edge Esmeralda
The ongoing Edge Esmeralda is a month-long popup village focused on incubating novel technologies and new ways of living, aiming to build a foundation for a permanent new town, Esmeralda, around Healdsburg, CA. With $217K in funding from the Zuzalu grants round, Esmeralda put together a series of events centered around human organization, robotics, artificial intelligence, real-world crypto applications, and health and longevity.
The rise of Zu-villages illustrates the enduring impact of Zuzalu, with these pop-up cities continuing to foster collaboration, technological advancement, and a decentralized way of living across the globe.
These pop-up villages demonstrate a model where individuals can co-live, co-work, and co-create, blurring the lines between professional collaboration and communal living to create atmospheres aligned with personal sovereignty and collective problem-solving. The transient nature of these communities allows for flexibility and adaptability, where new ideas can be tested and refined in real time.
It highlights a future where governance is more fluid, technology enhances participants' health, and community building is a continuous, evolving process.
By providing spaces for like-minded individuals to come together, Zuzalu and its successors create fertile ground for social experimentation and technological innovation. They embody the spirit of decentralized, autonomous living, further reflecting the broader societal trends towards alternative lifestyles in the digital age. Overall, the legacy of Zuzalu lies in its ability to inspire and enact a vision of a forward-thinking world, where dynamic, transient communities can thrive and innovate, and tech and health exist in harmony.
Written by davewardonline
Can the ephemeral city experiment inspired by Vitalik live on?
One year ago this week, our very own
TrustlessState shared details about his experience living with some of crypto’s brightest minds in the ephemeral city called Zuzalu.
You can read David's full breakdown of his experience below:
👉 http://bankless.cc/David_Z...
This popup city housed over 200 people from diverse regions and fields for two months. David conducted a number of interviews with fellow attendees during this time on topics spanning zero-knowledge proofs, longevity and biotech, network states, and public goods. You can check out those conversations below.
👉 http://bankless.cc/ZuzaluC...
Inspired and initiated by VitalikButerin, Zuzalu blended structure and spontaneity to construct a successful experiment, but almost immediately after the ephemeral city dispersed, attendees wondered how they could keep the fire of Zuzalu alive and continue to offer places for the ethos of Ethereum to connect with disparate emerging technologies.
Let’s take a look at what they’ve been up to since 👇
🏡 The Rise of Zu-Villages
The success of Zuzalu sparked interest in continuing the concept of crypto pop-up cities called Zu-villages.
Earlier this year, a gitcoin grants program offered 250 ETH in funding for creating Zu-villages and Zu-related technology. The round ran from Jan. 15 to Feb. 15, providing funding for 32 events like JoinEdgeCity, Esmerelda and ZuBerlinCity, which are currently running or have just finished, and 28 tools like ZupassProject and MuseMatrix_, a DeSci research institute.
Many of these tie into Zuzalu City, a community hub for Zu-villages and related software, including a calendar of pop-up cities like the few we've highlighted below:
Edge Esmeralda
The ongoing Edge Esmeralda is a month-long popup village focused on incubating novel technologies and new ways of living, aiming to build a foundation for a permanent new town, Esmeralda, around Healdsburg, CA. With $217K in funding from the Zuzalu grants round, Esmeralda put together a series of events centered around human organization, robotics, artificial intelligence, real-world crypto applications, and health and longevity.
The rise of Zu-villages illustrates the enduring impact of Zuzalu, with these pop-up cities continuing to foster collaboration, technological advancement, and a decentralized way of living across the globe.
These pop-up villages demonstrate a model where individuals can co-live, co-work, and co-create, blurring the lines between professional collaboration and communal living to create atmospheres aligned with personal sovereignty and collective problem-solving. The transient nature of these communities allows for flexibility and adaptability, where new ideas can be tested and refined in real time.
It highlights a future where governance is more fluid, technology enhances participants' health, and community building is a continuous, evolving process.
By providing spaces for like-minded individuals to come together, Zuzalu and its successors create fertile ground for social experimentation and technological innovation. They embody the spirit of decentralized, autonomous living, further reflecting the broader societal trends towards alternative lifestyles in the digital age. Overall, the legacy of Zuzalu lies in its ability to inspire and enact a vision of a forward-thinking world, where dynamic, transient communities can thrive and innovate, and tech and health exist in harmony.
Written by davewardonline
2 days ago
More than a million addresses have one #Bitcoin or more 💰
In recent weeks, an important milestone has been reached, there are today more than a million Wholecoiners (addresses with at least 1 BTC) and it's not over!
This increase coincides with a notable increase in institutional demand for Bitcoin 📈
The Bitcoin race is underway, and with only 21 million Bitcoins at most, it's a real shock between supply and demand that could take place in the coming months
You see the $BTC reaching what price at this bull run? 🔥
In recent weeks, an important milestone has been reached, there are today more than a million Wholecoiners (addresses with at least 1 BTC) and it's not over!
This increase coincides with a notable increase in institutional demand for Bitcoin 📈
The Bitcoin race is underway, and with only 21 million Bitcoins at most, it's a real shock between supply and demand that could take place in the coming months
You see the $BTC reaching what price at this bull run? 🔥
4 days ago
Daily Memecoin Recap - June 29
Weekends are best to touch grass
Low volume - Market is very PvP
Billy Wants All-Time-High
$billy -> $24m to $88m (3.67x from the low)
Billy Deployer Wallet Private Key Leaked
$silly -> $980k , CTO, launched on $billy 's deployer wallet
Popcat Continues Pushing
$popcat -> $211m to $663m (3.14x from the low)
Soulja Boy Comeback
$sboy -> $1m to $6m (6x),
Dog Memes
$chucky -> hit $2m , normie meme
$dilly -> hit $1 .7m
$nelly -> hit $922k , CTO
$bilchi -> hit $500k , $michi derivative
Cat Memes
$itty -> $145k to $950k (6.55x)
$cat -> hit $3 .4m, Lion Cat
$yami -> hit $473k
Long Term Holds
$retardio -> $12 .5m to $40m (3.2x from the low)
$lockin -> $5m to $18 .4m (3.68x), normie + CT meme
$aura -> $5m to $17m (3.4x from the low), good team
More Cooks
$doogle -> $3 .85m to $9 .3m (2.41x)
$chwy -> $2 .7m to $9 .5m (3.5x)
$kama -> $1 .67m to $5 .14m (3x),
$meesa -> $1m to $4 .15m (4.15x)
$palmy -> $300k to $1 .81m (6x)
$oblock -> hit $2 .4m
$smc -> hit $450k , good website, CTO
$mango -> hit $425k , "Mango Juul"
Happy Sunday 🤝
Weekends are best to touch grass
Low volume - Market is very PvP
Billy Wants All-Time-High
$billy -> $24m to $88m (3.67x from the low)
Billy Deployer Wallet Private Key Leaked
$silly -> $980k , CTO, launched on $billy 's deployer wallet
Popcat Continues Pushing
$popcat -> $211m to $663m (3.14x from the low)
Soulja Boy Comeback
$sboy -> $1m to $6m (6x),
Dog Memes
$chucky -> hit $2m , normie meme
$dilly -> hit $1 .7m
$nelly -> hit $922k , CTO
$bilchi -> hit $500k , $michi derivative
Cat Memes
$itty -> $145k to $950k (6.55x)
$cat -> hit $3 .4m, Lion Cat
$yami -> hit $473k
Long Term Holds
$retardio -> $12 .5m to $40m (3.2x from the low)
$lockin -> $5m to $18 .4m (3.68x), normie + CT meme
$aura -> $5m to $17m (3.4x from the low), good team
More Cooks
$doogle -> $3 .85m to $9 .3m (2.41x)
$chwy -> $2 .7m to $9 .5m (3.5x)
$kama -> $1 .67m to $5 .14m (3x),
$meesa -> $1m to $4 .15m (4.15x)
$palmy -> $300k to $1 .81m (6x)
$oblock -> hit $2 .4m
$smc -> hit $450k , good website, CTO
$mango -> hit $425k , "Mango Juul"
Happy Sunday 🤝
5 days ago
4⃣ Mutant Garden Seeder
4⃣ Mutant Garden Seeder
Creator: harmvddorpel
Current Floor: 1.07 ETH
Why It's Undervalued: In my opinion, one of the most exceptional art series to come out of NFTs in 2021 was Mutant Garden Seeder by artist Harm van den Dorpel. In short, each of the 512 pieces in the collection dynamically evolve over time per Ethereum block hashes, making it a really compelling exploration of living art and digital organisms.
All that said, I believe a floor of ~1 ETH is just too low for a collection of this caliber, and I wouldn't be surprised to see these pieces trading around 4 ETH again within a few years as new collectors wise up to Harm's works.
4⃣ Mutant Garden Seeder
Creator: harmvddorpel
Current Floor: 1.07 ETH
Why It's Undervalued: In my opinion, one of the most exceptional art series to come out of NFTs in 2021 was Mutant Garden Seeder by artist Harm van den Dorpel. In short, each of the 512 pieces in the collection dynamically evolve over time per Ethereum block hashes, making it a really compelling exploration of living art and digital organisms.
All that said, I believe a floor of ~1 ETH is just too low for a collection of this caliber, and I wouldn't be surprised to see these pieces trading around 4 ETH again within a few years as new collectors wise up to Harm's works.
5 days ago
American model and rapper Amber Rose launched a Solana meme coin called $MUVA .
She's one of the latest celebrities to come onboard the memecoin mania.
It would interest you to know that she used 4 wallets funded from Kraken to snipe 60% of $MUVA . $308K (2133 SOL) worth of $MUVA has already been dumped .
She's one of the latest celebrities to come onboard the memecoin mania.
It would interest you to know that she used 4 wallets funded from Kraken to snipe 60% of $MUVA . $308K (2133 SOL) worth of $MUVA has already been dumped .
7 days ago
For y'all sport fans,
Blockasset built on Solana is bringing you closer to your fav athletes. You can make predictions on sports-centered, free-to-play games to earn tokenized points, which can be used in the Blockasset ecosystem to:
✅ Make wagers on sports events
✅ Get exclusive content from athletes
✅ Attend live events
✅ VIP venue tours
✅ Even athlete training sessions
Fans get access to unique experiences and access; athletes use digital assets to supercharge deep connections to their biggest cheerleaders. Win-win!
It’s working, and not just with current blockchain users. When launching an NFT with MMA fighter Khamzat Chimaev, 35% of all mints were from non-crypto sports fans. After the mint, Chimaev made exclusive content for the Blockasset community that eventually accumulated millions of views.
An early team from the Solana ecosystem – they’ve been around since 2021 – Blockasset has slowly been building a following into the sports world. Soon, they’ll be working with UFC fighters, introducing a whole new audience to unique web3 experiences.
It’s a better experience for everyone
Blockasset built on Solana is bringing you closer to your fav athletes. You can make predictions on sports-centered, free-to-play games to earn tokenized points, which can be used in the Blockasset ecosystem to:
✅ Make wagers on sports events
✅ Get exclusive content from athletes
✅ Attend live events
✅ VIP venue tours
✅ Even athlete training sessions
Fans get access to unique experiences and access; athletes use digital assets to supercharge deep connections to their biggest cheerleaders. Win-win!
It’s working, and not just with current blockchain users. When launching an NFT with MMA fighter Khamzat Chimaev, 35% of all mints were from non-crypto sports fans. After the mint, Chimaev made exclusive content for the Blockasset community that eventually accumulated millions of views.
An early team from the Solana ecosystem – they’ve been around since 2021 – Blockasset has slowly been building a following into the sports world. Soon, they’ll be working with UFC fighters, introducing a whole new audience to unique web3 experiences.
It’s a better experience for everyone
8 days ago
Wondering about Maestro Premium?
With Premium you get ALL the bells and whistles:
🤖 Speed Boost
🤖 Advanced Simulations
🤖 Maestro Trending List
🤖 30 Concurrent Trades
🤖 96-Hour Trade Monitors
🤖 9 Multi-Wallets
🤖 10 Copytrade Wallets
🤖 5 Concurrent God Mode/Auto Snipes
🤖 Alpha Counter
🤖 Last Seen Feature
🤖 Yacht Club Membership (private chat)
🤖 Early Access to New Features
Type /premium in the bot to get started.
#MaestroBots #TradingBot #crypto #defi #Blockchain $ETH #Ethereum , $TON #TON , $BASE #Base #Solana $SOL , $METIS #Metis , $AVAX #Avalanche , $ARB #Arbitrum , $BNB #BinanceSmartChain
With Premium you get ALL the bells and whistles:
🤖 Speed Boost
🤖 Advanced Simulations
🤖 Maestro Trending List
🤖 30 Concurrent Trades
🤖 96-Hour Trade Monitors
🤖 9 Multi-Wallets
🤖 10 Copytrade Wallets
🤖 5 Concurrent God Mode/Auto Snipes
🤖 Alpha Counter
🤖 Last Seen Feature
🤖 Yacht Club Membership (private chat)
🤖 Early Access to New Features
Type /premium in the bot to get started.
#MaestroBots #TradingBot #crypto #defi #Blockchain $ETH #Ethereum , $TON #TON , $BASE #Base #Solana $SOL , $METIS #Metis , $AVAX #Avalanche , $ARB #Arbitrum , $BNB #BinanceSmartChain
9 days ago
Maestro Bots brings your favourite chains together in one bot for easy trading. No switching required.
And with our HoudiniSwap integration, bridge directly in the bot privately and seamlessly. It's as simple as typing /bridge.
Make Maestro your #1 trading bot on Ethereum, Solana, BSC, Base, TON, Metis, Avalanche or Arbitrum today.
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#crypto #TradingBot #Blockchain #MaestroBots #defi #Multichain $ETH #Ethereum $TON #TON $BASE #Base #Solana $SOL $METIS #Metis $AVAX #Avalanche $ARB #Arbitrum $BNB #BinanceSmartChain
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#crypto #TradingBot #Blockchain #MaestroBots #defi #Multichain $ETH #Ethereum $TON #TON $BASE #Base #Solana $SOL $METIS #Metis $AVAX #Avalanche $ARB #Arbitrum $BNB #BinanceSmartChain
Telegram: Contact @Maestro
This is the official Maestro Sniper Bot 🔫 deployed by @MaestroBots.
https://t.me/Maestro
11 days ago
🔓Token Unlocks of the coming week.
📅 June 25:
👉 $ALT - $21 .27 million
6.92% of the supply in circulation
📅 June 27:
👉 $YGG - 11.15 million $4 .48% of the supply in circulation
📅 June 30:
👉 $TORN - 0.29 Million $
2.41% of the supply in circulation
👉 OPTIMISM $OP - 57.36 Million $
2.88% of the supply in circulation
🗞 Token_Unlocks
📅 June 25:
👉 $ALT - $21 .27 million
6.92% of the supply in circulation
📅 June 27:
👉 $YGG - 11.15 million $4 .48% of the supply in circulation
📅 June 30:
👉 $TORN - 0.29 Million $
2.41% of the supply in circulation
👉 OPTIMISM $OP - 57.36 Million $
2.88% of the supply in circulation
🗞 Token_Unlocks
13 days ago
Daily Memecoin Recap - June 21
Low volume as majors continue to decline
Lots of rugs, be safe
Utility Play
$meba -> hit $1 .5m, launched on
pumpdotfun working game
Wif Deployer Wallet CTO
$pinkguy -> $78k to $650k (8.33x), launched by the same dev as $wif
50 cent gets hacked, hacker posted a coin on his profile
$gunit -> hit $6 .5m, the hacker studied 50cent
, he was typing just like him
Cat Meta
$itty -> hit $3 .5m, CTO
$lola -> hit $1 .4m
$cutie -> hit $560k , good CTO team
Dog Meta
$zaza -> hit $2 .5m, "highest dog on solana", good CTO team
Normie Approved
$HawkTuah -> $1 .4m to $18m (12.9x), based on a viral video, KOLs backing this
Matt Furie Memes
$birddog -> $3m to $18m (6x), 3 month old CTO
$doogle -> $420k to $3 .9m (9.29x),
, good content
$landpepe -> hit $667k , $wolf + $pepe
Good Content
$slumbo -> hit $4 .5m
$steve -> hit $1 .7m, hyped launch with good art
$lean -> hit $1 .5m, lots of whales aped
$zeke -> hit $886k , rugged
More Cooks
$vespa -> hit $1 .1m, speculation that $sc team were CTO'ing this
$hard -> hit $980k , backed by big names
Remember to touch grass & enjoy your weekend!
Low volume as majors continue to decline
Lots of rugs, be safe
Utility Play
$meba -> hit $1 .5m, launched on
pumpdotfun working game
Wif Deployer Wallet CTO
$pinkguy -> $78k to $650k (8.33x), launched by the same dev as $wif
50 cent gets hacked, hacker posted a coin on his profile
$gunit -> hit $6 .5m, the hacker studied 50cent
, he was typing just like him
Cat Meta
$itty -> hit $3 .5m, CTO
$lola -> hit $1 .4m
$cutie -> hit $560k , good CTO team
Dog Meta
$zaza -> hit $2 .5m, "highest dog on solana", good CTO team
Normie Approved
$HawkTuah -> $1 .4m to $18m (12.9x), based on a viral video, KOLs backing this
Matt Furie Memes
$birddog -> $3m to $18m (6x), 3 month old CTO
$doogle -> $420k to $3 .9m (9.29x),
, good content
$landpepe -> hit $667k , $wolf + $pepe
Good Content
$slumbo -> hit $4 .5m
$steve -> hit $1 .7m, hyped launch with good art
$lean -> hit $1 .5m, lots of whales aped
$zeke -> hit $886k , rugged
More Cooks
$vespa -> hit $1 .1m, speculation that $sc team were CTO'ing this
$hard -> hit $980k , backed by big names
Remember to touch grass & enjoy your weekend!
15 days ago
Is OP_CAT the missing piece for BTC L2s?
This opcode has everyone talking; what does it do?
A beginner's guide 👇
Bitcoin L2s are the talk of the town, but not much of their promise has been realized yet.
What are Bitcoin's builders waiting for?
One significant proposal could help mature the Bitcoin L2 landscape: the reintroduction of OP_CAT. This opcode, which was disabled early in Bitcoin's history, could unlock new capabilities and pave the way for more sophisticated and trustless Bitcoin L2 solutions.
Let's dig into why this opcode could be so transformative for BTC 👇
What is OP_CAT?
Okay, so why is this seemingly random opcode so controversial? OP_CAT, or "Operation Concatenate" is an opcode in Bitcoin's scripting language that allows for the concatenation of two data elements.
Initially proposed by Satoshi Nakamoto, OP_CAT was disabled in 2010 due to security concerns related to its original implementation, specifically potential denial-of-service (DoS) attacks caused by unbounded memory usage.
The introduction of the Taproot upgrade in 2021 has mitigated these original concerns. Taproot enforces a maximum stack element size of 520 bytes, addressing the memory usage issue that led to OP_CAT's deactivation. With this security improvement and resurgent Bitcoin development interest, thanks to Ordinals and Runes, a movement to reintroduce OP_CAT to enhance Bitcoin's scripting capabilities is gaining steam, aiming to put more complex transaction capabilities in reach.
Are Covenants and Smart Contracts Different?
One reason why OP_CAT is so compelling is because it can actualize covenants, i.e. spending conditions, on Bitcoin. Covenants and smart contracts are both mechanisms for controlling the flow of funds in a blockchain network, but they operate in distinct ways.
Covenants:
Purpose: Restrict how funds can be spent in future transactions.
Functionality: Implement specific spending constraints, such as limiting addresses or setting conditions on fund transfers.
Complexity: Generally involves simpler, deterministic logic without loops or complex computations.
Implementation: Can be implemented using Bitcoin Script with enhancements like OP_CAT.
Smart Contracts:
Purpose: Automate a wide range of processes and transactions.
Functionality: Handle complex tasks such as decentralized exchanges, token issuance, and multi-party agreements.
Complexity: Support complex conditional logic, including loops and intricate computations.
Implementation: Commonly implemented on platforms like Ethereum using high-level programming languages.
Why Does OP_CAT Matter for Bitcoin L2s?
OP_CAT would prove crucial for advancing Bitcoin L2 solutions because it enhances the scripting capabilities needed for more complex and trustless Bitcoin infra. First, OP_CAT allows for covenants, enabling the construction of more complex scripts. This is essential for creating advanced transaction conditions and functionalities required for L2 solutions.
Additionally, if OP_CAT is activated, projects like StarkWareLtdare on standby to develop atop it. StarkWare has plans to leverage OP_CAT for bringing zero-knowledge (ZK) scaling to #Bitcoin to enable advanced financial instruments and apps on the network. StarkWare’s involvement here underscores the broader ecosystem's readiness to capitalize on the enhanced capabilities that OP_CAT would introduce.
As such, as the community continues to explore and test the possibilities around this proposal, the future of Bitcoin L2s looks promising and ripe with potential. At this point, reactivating OP_CAT seems like a matter of when not if!
Written by
WPeaster
This opcode has everyone talking; what does it do?
A beginner's guide 👇
Bitcoin L2s are the talk of the town, but not much of their promise has been realized yet.
What are Bitcoin's builders waiting for?
One significant proposal could help mature the Bitcoin L2 landscape: the reintroduction of OP_CAT. This opcode, which was disabled early in Bitcoin's history, could unlock new capabilities and pave the way for more sophisticated and trustless Bitcoin L2 solutions.
Let's dig into why this opcode could be so transformative for BTC 👇
What is OP_CAT?
Okay, so why is this seemingly random opcode so controversial? OP_CAT, or "Operation Concatenate" is an opcode in Bitcoin's scripting language that allows for the concatenation of two data elements.
Initially proposed by Satoshi Nakamoto, OP_CAT was disabled in 2010 due to security concerns related to its original implementation, specifically potential denial-of-service (DoS) attacks caused by unbounded memory usage.
The introduction of the Taproot upgrade in 2021 has mitigated these original concerns. Taproot enforces a maximum stack element size of 520 bytes, addressing the memory usage issue that led to OP_CAT's deactivation. With this security improvement and resurgent Bitcoin development interest, thanks to Ordinals and Runes, a movement to reintroduce OP_CAT to enhance Bitcoin's scripting capabilities is gaining steam, aiming to put more complex transaction capabilities in reach.
Are Covenants and Smart Contracts Different?
One reason why OP_CAT is so compelling is because it can actualize covenants, i.e. spending conditions, on Bitcoin. Covenants and smart contracts are both mechanisms for controlling the flow of funds in a blockchain network, but they operate in distinct ways.
Covenants:
Purpose: Restrict how funds can be spent in future transactions.
Functionality: Implement specific spending constraints, such as limiting addresses or setting conditions on fund transfers.
Complexity: Generally involves simpler, deterministic logic without loops or complex computations.
Implementation: Can be implemented using Bitcoin Script with enhancements like OP_CAT.
Smart Contracts:
Purpose: Automate a wide range of processes and transactions.
Functionality: Handle complex tasks such as decentralized exchanges, token issuance, and multi-party agreements.
Complexity: Support complex conditional logic, including loops and intricate computations.
Implementation: Commonly implemented on platforms like Ethereum using high-level programming languages.
Why Does OP_CAT Matter for Bitcoin L2s?
OP_CAT would prove crucial for advancing Bitcoin L2 solutions because it enhances the scripting capabilities needed for more complex and trustless Bitcoin infra. First, OP_CAT allows for covenants, enabling the construction of more complex scripts. This is essential for creating advanced transaction conditions and functionalities required for L2 solutions.
Additionally, if OP_CAT is activated, projects like StarkWareLtdare on standby to develop atop it. StarkWare has plans to leverage OP_CAT for bringing zero-knowledge (ZK) scaling to #Bitcoin to enable advanced financial instruments and apps on the network. StarkWare’s involvement here underscores the broader ecosystem's readiness to capitalize on the enhanced capabilities that OP_CAT would introduce.
As such, as the community continues to explore and test the possibilities around this proposal, the future of Bitcoin L2s looks promising and ripe with potential. At this point, reactivating OP_CAT seems like a matter of when not if!
Written by
WPeaster
19 days ago
Daily Memecoin Recap - June 15
Considering how majors are performing, the amount of volume/attention memes have is very notable
What happens once we hit peak bull?
Spike hacker dumps remaining tokens
$spike -> $3 .75m to $ 12.99m (3.46x), plenty of fresh wallets bought $10k + worth
Community takeovers (CTO's) going strong
$subo -> $2 .3m to $7 .5m (3.26x), CTO
$cook -> $1m to $2m (2x), good meme, CTO
$press -> $310k to $2 .2m (7.1x), "press dog", CTO
$mogdog -> $60k to $870k (14.5x), CTO, different pic of $wif dog
$pingu -> hit $421k , CTO
Slow Saturday, did you cook?
Considering how majors are performing, the amount of volume/attention memes have is very notable
What happens once we hit peak bull?
Spike hacker dumps remaining tokens
$spike -> $3 .75m to $ 12.99m (3.46x), plenty of fresh wallets bought $10k + worth
Community takeovers (CTO's) going strong
$subo -> $2 .3m to $7 .5m (3.26x), CTO
$cook -> $1m to $2m (2x), good meme, CTO
$press -> $310k to $2 .2m (7.1x), "press dog", CTO
$mogdog -> $60k to $870k (14.5x), CTO, different pic of $wif dog
$pingu -> hit $421k , CTO
Slow Saturday, did you cook?
23 days ago
Solana DEPIN has become one of the biggest narratives there is with projects like Render, Hivemapper and Helium leading at the fore front.
They've each experienced massive growth recently with:
1. Render rewards are up by about 34% since their migration to Solana
2. Hivemapper mapped 21% of the globe
3. About 30% of HONEY owners are contributors rather than mere token holders
4. Helium has a total subscription count of over 90,000 Mobile subscribers.
They've each experienced massive growth recently with:
1. Render rewards are up by about 34% since their migration to Solana
2. Hivemapper mapped 21% of the globe
3. About 30% of HONEY owners are contributors rather than mere token holders
4. Helium has a total subscription count of over 90,000 Mobile subscribers.
23 days ago
21.co, the parent company of 21Shares a crypto service provider, launched 21BTC, a native Bitcoin asset on the Solana blockchain
This wrapped token is 100% backed by Bitcoin (BTC), with reserves held by a third-party custodian on a 1:1 basis. According to 21.co, 21BTC on Solana offers:
•Better security without the Lock-And-Mint technology
•100 percent physically collateralization
•Deep liquidity and
• Operational excellence.
This wrapped token is 100% backed by Bitcoin (BTC), with reserves held by a third-party custodian on a 1:1 basis. According to 21.co, 21BTC on Solana offers:
•Better security without the Lock-And-Mint technology
•100 percent physically collateralization
•Deep liquidity and
• Operational excellence.
23 days ago
If you think you missed $GME heres a good opportunity to buyback, accumulate, or average down.
Likely get a nice bounce prior to June 21st
$GME https://www.tradingview.co.../
$GMEonSOL
https://www.tradingview.co.../
$KITTY
https://www.tradingview.co.../
Most bullish on $GMEonSOL because it has the largest community, did $550m 24 hr volume on livestream day and good token distribution
Likely get a nice bounce prior to June 21st
$GME https://www.tradingview.co.../
$GMEonSOL
https://www.tradingview.co.../
$KITTY
https://www.tradingview.co.../
Most bullish on $GMEonSOL because it has the largest community, did $550m 24 hr volume on livestream day and good token distribution
26 days ago
Experience trading on #Metis directly through Telegram with our recent integration of
@MaestroBots
, bringing:
> a simple all-in-one interface
> an average daily trading volume of $21M .
Read more about its features & how you can start using it today 👇
https://www.metis.io/blog/...
@MaestroBots
, bringing:
> a simple all-in-one interface
> an average daily trading volume of $21M .
Read more about its features & how you can start using it today 👇
https://www.metis.io/blog/...
27 days ago
#JupiterExchange a solana-based aggregator maintains its lead as the top aggregator across all chains.
Market Share is 66%.
#Solana
Market Share is 66%.
#Solana
27 days ago
#fusewallet is has scheduled the launching of solana's first-ever Smart Wallet to be next week.
The first smart wallet for Solana, powered by SquadsProtocol.
One wallet, three keys, no seed phrase.
Coming soon to iOS
The first smart wallet for Solana, powered by SquadsProtocol.
One wallet, three keys, no seed phrase.
Coming soon to iOS
27 days ago
The GTA 6 trailer was leaked by a threat actor who goes by the alias Skenkir.
He purchased access to a YouTube admin panel which allowed him to view the unlisted video early.
Incident Timeline: December 4, 2023
20:50 UTC - Skenkir first mentions having new GTA trailer and shares YT admin panel screenshot on Telegram
20:58 UTC - Skenkir shares screenshot from trailer showing GTA release date
21:58 UTC - Skenkir leaks trailer on X
23:10 UTC - Rockstar verifies the leak
He purchased access to a YouTube admin panel which allowed him to view the unlisted video early.
Incident Timeline: December 4, 2023
20:50 UTC - Skenkir first mentions having new GTA trailer and shares YT admin panel screenshot on Telegram
20:58 UTC - Skenkir shares screenshot from trailer showing GTA release date
21:58 UTC - Skenkir leaks trailer on X
23:10 UTC - Rockstar verifies the leak
